Base Metals Preview: Copper Speculative Longs Increase Sharply

15 Mar 2022 , 08:58 AM

The large base metals speculators increased their net long positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 31819 net contracts in the data reported through week ended March 8 2022. This was a weekly jump of 9726 contracts. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -40070 contracts, recording a weekly change of -29380 net contracts.

Powered by Commodity Insights